With little fanfare the French government has selected Federal Reserve Chairman Alan Greenspan and New York Fed President William J. McDonough for induction into the Legion of Honor, France's most prestigious individual tribute.

Created by Napoleon Bonaparte in 1802, the Legion of Honor recognizes individuals who have, through their professional activities, rendered exceptional service to France or the international community, a French Embassy spokesman in Washington said. The government does not publicly release the citations that specify the reasons for each award.

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